Mortgage Rates Hit 10-Month Lows, But What’s Next?

Mortgage rates just dropped to 10-month lows — but is this the start of a bigger move? In this week’s Master The Markets, Bill Bodnar highlights the significant narrowing of the mortgage/10-year Treasury spread, now at a three-year low. With average spreads still tighter historically, there's more room for rates to fall even if Treasury yields stay flat.
But don’t get too comfortable. Bill also breaks down why this Friday’s Jobs Report could make or break the current momentum. With questions surrounding recent BLS methodology, Bill points to private data from ADP and others as key indicators this week. Are we on the verge of a breakout — or a pause? Tune in to find out.